The gas industry recently witnessed two of the most major players fight it out to enter the Norwegian gas carrier Aurora LPG. A fight, where the largest of the two, BW LPG, was successful in acquiring 15 percent of the shares in Aurora, while Avance Gas had to admit defeat.
The Aurora LPG takeover battle does not seem to have gone unnoticed by one of the other majors in VLGC, namely Dorian LPG. In order to avoid a hostile corporate takeover, Dorian LPG has initiated a "poison pill defense", which will make it substantially more expensive to take over the company without consent from the board.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Sohmen-Pao expects shipping's green transformation to be delayed
Elevated costs and energy prices might postpone shipping’s green energy transition, says BW Group Chair Andreas Sohmen-Pao in an interview with ShippingWatch on the consequences of the current geopolitical situation for shipping.
US aims to tighten shipping law – could lead to major penalties in harassment cases
New shipping legislation is being drawn up by the US Congress. If the Coast Guard Authorization Act of 2022 is passed, carriers risk million-dollar penalties in case they do not report sexual harassment cases or fail to do so in due time.
Alexander Saverys on Euronav merger: Compromise is the only solution
Belgian shipping family Saverys has no confidence in a merger between tanker rivals Frontline and Euronav unless a compromise is reached. ”That’s the only solution,” says Alexander Saverys in an interview with ShippingWatch.
MSC continues dispute with FMC judge in complaint case
MSC disagrees with a US federal judge’s proposed default judgment in a complaint case filed by the Federal Maritime Commission. The liner company had until Sept. 22 to present documents in the case.
IKEA stops chartering container vessels
IKEA will no longer lease space on board container ships to have its products brought to shelves across the world, the global furniture group confirms. But the company is trying to avoid congested ports.
Managing Director - Europe 
Freight and Logistics Officer 
IT Specialist 
Purchase & Logistics Manager based in Copenhagen 
Fleet Manager 
Technical Superintendent 
Student Assistant for Program Management